Whiting Petroleum (NYSE:WLL) received a $26.00 target price from JPMorgan Chase & Co. in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 15.95% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Stephens assumed coverage on Whiting Petroleum in a research report on Thursday. They issued an “overweight” rating and a $54.00 target price on the stock. R. F. Lafferty raised Whiting Petroleum from a “hold” rating to a “buy” rating and upped their target price for the company from $42.00 to $56.00 in a research report on Wednesday, September 5th. Imperial Capital set a $45.00 target price on Whiting Petroleum and gave the company an “in-line” rating in a research report on Thursday, November 1st. Morgan Stanley cut their target price on Whiting Petroleum from $65.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Finally, KLR Group reissued a “buy” rating and issued a $64.00 target price on shares of Whiting Petroleum in a research report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Whiting Petroleum presently has an average rating of “Buy” and a consensus price target of $50.07.
Shares of WLL traded up $2.01 during midday trading on Friday, hitting $30.94. 4,588,695 shares of the company’s stock traded hands, compared to its average volume of 4,057,360. Whiting Petroleum has a 1 year low of $21.38 and a 1 year high of $56.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2.80 billion, a PE ratio of -23.61, a P/E/G ratio of 1.23 and a beta of 3.04.
In other Whiting Petroleum news, CFO Michael J. Stevens sold 12,476 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $55.04, for a total transaction of $686,679.04. Following the sale, the chief financial officer now directly owns 96,571 shares of the company’s stock, valued at approximately $5,315,267.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William N. Hahne sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $36.85, for a total value of $84,755.00. Following the sale, the director now owns 20,914 shares in the company, valued at $770,680.90. The disclosure for this sale can be found here. Insiders have sold a total of 16,855 shares of company stock worth $885,800 over the last ninety days. 1.70% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of WLL. Tower Research Capital LLC TRC grew its position in shares of Whiting Petroleum by 240.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,250 shares of the oil and gas exploration company’s stock valued at $172,000 after acquiring an additional 2,295 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Whiting Petroleum during the 2nd quarter valued at about $176,000. Integrated Investment Consultants LLC acquired a new stake in shares of Whiting Petroleum during the 2nd quarter valued at about $178,000. Lourd Capital LLC acquired a new stake in shares of Whiting Petroleum during the 3rd quarter valued at about $204,000. Finally, Caxton Associates LP acquired a new stake in shares of Whiting Petroleum during the 3rd quarter valued at about $229,000. Hedge funds and other institutional investors own 94.71% of the company’s stock.
About Whiting Petroleum
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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